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ANNUAL REPORT 2024

LEADING THE WORLD TO A SAFER FUTURE

For over 130 years, Ansell has delivered advanced protection solutions to people at work and at home, keeping them out of harm’s way. As the safety industry evolves, so does Ansell. We help workers and organisations to stay two steps ahead of challenges, from workplace safety to sustainable work practices.

 

 

No. 1 or 2 position in key segments globally

9 billion gloves sold per year

Customers in 100+ countries

Provides protection solutions to 25+ industries

Employing more than 15,000 people in over 55 countries

Results

1619.3 Total Sales
($ million)

EBIT margin 12.1%

834.2 Healthcare Sales
($ million)

EBIT margin 9.7%

785.1 Industrial Sales
($ million)

EBIT margin 16.5%

195.5 EBIT
($ million)

Before Significant Items

Performance in FY24 - Overview

FY24 FY23 Growth % Constant Currency Growth %
Sales $1,619.3m $1,655.1m (2.2%) (2.9%)
EBIT $195.5m $206.3m (5.2%) (1.3%)
EBIT Margin 12.1% 12.5%

Significant Items ($66.2m) $2.7m  
Net Interest ($20.6m) ($19.4m) 6.2% 5.1%
Taxes  ($31.2m) ($39.7m) (21.4%) (5.7%)
Effective tax rate¹ 24.2% 21.1%  
Minority Interests ($1.0m) ($1.6m) 37.5% (33.3%)
Profit Attributable $76.5m $148.3m (48.4%) (45.3%)
EPS 59.4¢ 117.5¢ (49.4%) (46.3%)
Adjusted EPS² 105.5¢ 115.3¢ (8.5%) (6.9%) 
Dividend 38.40¢ 45.90¢ (16.3%)

1. Effective tax rate is calculated excluding the equity accounting loss from Careplus joint venture (FY23: $1.5m; FY24: Snil) and Significant Items. $11.1m income tax benefit for FY24 is attributable to Significant Items (FY23: Snil). See Note 3(b) Significant Items of the Group's audited FY24 Financial Statements for detail.
2. Defined as Earnings Per Share (EPS) excluding Significant Items, and related tax impacts, and adjusted to remove the effect of the additional shares issued to finance the KBU acquisition.

Chair's Review

With stability beginning to return to our markets, the Board is confident that the platform laid in the past 12 months will support earnings growth in the coming years.

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Chief Executive Officer's Review

With stability returning to our end markets, we are focused on returning the business to organic growth, sustaining benefits from productivity investments and beginning to realise value from the KBU acquisition.

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Sustainability

Ansell 2040 Sustainability Action Plan

Our 2040 Sustainability Action Plan details Ansell’s targets and ambitions across People and Planet – for safe, respectful and inclusive workplaces and for a healthier planet in a zero-carbon future. We made significant progress this year, including submitting our formal letter of commitment to Science Based Targets initiative to set value chain targets and achieved a 14% decrease in operational emissions from our FY20 baseline (excluding Ansell Seremban). We also faced challenges as we decided to delay our water stewardship target to FY27 and as we onboard our new plant, Ansell Seremban. This year, we added Ansell Seremban to our Scope 1 & 2 GHG inventory, and recalculated and restated our FY20 emissions target baseline, in accordance with GHG Protocol and ISO 14604. We have completed analysis of data and implementation of Ansell’s management systems at the plant, and are currently conducting critical work to prepare the plant for our decarbonisation programs and installations. Read more on the next pages.

Full details are published in our 2024 Sustainability Report and 2024 Labour Rights Report (and Modern Slavery Statement), to be released by September 2024.

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